Minbos Resources Limited (AU:MNB) has released an update.
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Minbos Resources Limited has secured firm commitments for a AU$4.4 million placement from sophisticated investors to advance its Cabinda Phosphate Project and other ventures. The funding will aid in the expansion of the Cabinda Fertilizer Plant, bolstered by significant investments from the Angolan Sovereign Wealth Fund and loans for construction. With the upcoming completion of the Deepwater Port at Caio, Minbos is poised to capitalize on export opportunities in Asia and South America.
For further insights into AU:MNB stock, check out TipRanks’ Stock Analysis page.
